Lower Your 2001 Chevrolet Malibu Insurance Cost

Trying to find cheaper insurance coverage rates for your Chevrolet Malibu? Car insurance shoppers not familiar with comparing auto insurance rates on the internet can find sourcing the cheapest insurance is very challenging.

The best way to compare insurance rates in your area is to understand most insurance companies participate in online systems to give rate comparisons. The only thing you need to do is provide a small amount of information like if it has an alarm system, if you’re married, how you use your vehicles, and what your job is. Those rating factors is then sent to multiple top-rated companies and you get price estimates instantly to find the best rate.

To compare rates now, click here and enter the information requested.

More discounts mean lower-cost premiums

The cost of insuring your cars can be expensive, but there are discounts available to cut the cost considerably. Many discounts should be triggered when you purchase, but occassionally some discounts must be inquired about before being credited.

  • Cautious Driver Discount – Insureds who avoid accidents can save as much as half off their rates for Malibu coverage compared to accident prone drivers.
  • 55 and Retired – Seniors may receive a discount up to 10% for Malibu coverage.
  • Claim Free – Claim-free drivers are rewarded with significantly better rates on insurance quote when compared to policyholders that have many claims.
  • Defensive Driver Discount – Taking time to complete a course that instructs on driving safety can save you 5% or more depending on where you live.
  • Auto/Home Discount – If you combine your home and auto policies with one company you could earn a discount of up to 20% off your total premium.
  • Full Payment Discount – By making one initial payment as opposed to paying monthly you can avoid the installment charge.

While discounts sound great, it’s important to understand that some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like comp or med pay. Even though it may seem like all the discounts add up to a free policy, you’re out of luck. Any qualifying discounts will help lower the cost of your policy.

If you would like to view insurers who offer free car insurance quotes, click here.

It’s not one size fits all

When choosing proper insurance coverage for your vehicles, there is no perfect coverage plan. Each situation is unique.

These are some specific questions might help in determining if your situation will benefit from professional help.

  • Why does it cost so much to insure a teen driver?
  • Do I need more liability coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered if I wreck a rental car?
  • I have good health insurance, so how much medical payments coverage do I need?
  • When should my teen driver be added to my policy?
  • Should I carry comprehensive and collision coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Does my insurance cover a custom paint job?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form.

Coverages available on your policy

Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for immediate expenses for things like dental work, prosthetic devices and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Liability auto insurance – This coverage protects you from damage or injury you incur to other people or property in an accident. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like funeral expenses, medical expenses and loss of income. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Chevy Malibu.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision – Collision coverage pays for damage to your Malibu from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a parking meter, hitting a mailbox, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as fire damage, hail damage, hitting a deer, theft and falling objects. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

A fool and his money are soon parted

More affordable insurance coverage can be sourced on the web and from local agencies, so you need to quote insurance with both in order to have the best price selection to choose from. A few companies do not offer online price quotes and most of the time these smaller providers only sell through independent insurance agencies.

As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There have been many cases where someone dropped collision coverage to discover at claim time that they should have had better coverage. Your focus should be to buy enough coverage for the lowest cost while still protecting your assets.

We just showed you some good ideas how to lower your 2001 Chevy Malibu insurance prices. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the best prices are with a small mutual company.

Even more information can be found at these sites: